Technology and Solutions company from India, announced the acquisition of
Grownout, a B2B SaaS referral platform for an undisclosed amount. With this
acquisition, PeopleStrong’s SaaS HR technology PeopleStrong Alt will become the
only global recruitment product from India with a comprehensive offering, right
from sourcing, match making to offer generation and onboarding – all powered by
company, Grownout was established 2014 by Sumit Gupta and Harsimran Walia.
Grownout started with the vision of making hiring easy, quick and fun by
revolutionizing the way referrals are managed. It ensures that a company gets
the network of all its employees first hand and does not depend on the
employees to reach out to them.
Founding Member and Chief Technology officer, PeopleStrong said, “We are
delighted to have Grownout joining in our product family. Recruitment Tech is
one of our key focus areas and Grownout technology will help us take it to the
next level through AI based matchmaking & Social Profiling.”
shared, “We started Grownout with the vision to revolutionize the world of
recruitment. It’s been an exciting journey and we are looking forward to taking
it to the next level as a part of PeopleStrong”.
Alt product suite and its team will join the core product team of PeopleStrong.
This is the fourth strategic investment for PeopleStrong, after Webpay, Summit
HR’s Frontline business and IL&S (Wheebox), leading global talent Assessment
Company, where the company owns the major stakes. The company was in the news
as it recently closed one of the largest investment transactions in APAC’s HR
Technology and Solutions companies in India, with over 200+ customers spread across
all major industries. Its key offerings include SaaS based HR Technology
PeopleStrong Alt – powered by Mobile App and Artificial Intelligence,
Recruitment Process Outsourcing, and Human Capital Management. The company has
an order book of 500 Cr+ and has been growing at a CAGR of 60% for over a